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Crown Resorts

 

Buy Crown Resorts shares

CROWN RESORTS (CWN) Shares

ABOUT CROWN RESORTS

Crown Resorts Limited is one of Australia’s leading gaming and entertainment groups, with a history dating back to 2007 when the Group was first established after Publishing & Broadcasting Limited (PBL) divested its gambling assets to Crown Limited.

In 2015 the Group commenced the international expansion of its portfolio when it made the decision to purchase the site of the New Frontier Hotel and Casino on the Las Vegas Strip for US Dollar 280 million.

OVERVIEW OF CROWN RESORTS

  • Crown Resorts Limited owns and operates two of the country’s leading integrated resorts, Crown Melbourne and Crown Perth. The Group’s development project pipeline includes the Crown Sydney Hotel Resort at Barangaroo in Sydney and the One Queensbridge development site in Melbourne.

  • Overseas, the Group owns and operates Crown Aspinalls in London, one of the high-end licensed casinos in the West End entertainment district. The Group also holds a 50% equity interest in the UK-based Aspers Group and a 20% interest in Nobu. Crown has interests in various digital businesses, including Betfair Australasia (100%), DGN Games (85%) and Chill Gaming (50%).

  • Crown Melbourne is Australia’s leading integrated resort and is one of the most visited tourist destinations in Australia with its dynamic and diverse facilities. Crown Melbourne features luxury accommodation and award-winning dining, world-class gaming, conferencing, shopping and entertainment facilities. Crown Melbourne operates three hotels with approximately 1,600 guest rooms across Crown Towers (481 rooms), Crown Metropol (658 rooms) and Crown Promenade (465 rooms).

  • Crown Towers was awarded the prestigious Forbes Travel Guide Global Five-Star Award in 2019 for the third consecutive year and is the only hotel in Melbourne to achieve this status. Crown Melbourne is also Australia’s largest casino and is licensed to operate 2,628 gaming machines and 540 table games.

    Crown Perth is one of Western Australia’s largest tourist destinations, with an exceptional range of entertainment and tourism experiences. Crown Perth features luxury hotels, world-class convention and gaming facilities, restaurants and bars, a 2,300-seat theatre, and shopping and entertainment facilities. Crown Perth operates three hotels with approximately 1,200 guest rooms across Crown Towers (500 rooms), Crown Metropol (397 rooms) and Crown Promenade (291).

  • Crown Towers Perth was awarded the Best Overall Hotel of the Year at the 2019 Australian Hotels Association National Awards for Excellence. Crown Perth attracted over 10 million visits to the casino during the period and is the largest single-site private sector employer in Western Australia with over 6,000 people working on site.

VISION & VALUES OF CROWN RESORTS

  • Crown Resorts Limited pillars its operations on values of respect, passion, teamwork and responsibility. The Group works to ensure that all its employees and its clients are treated fairly and respectfully, while the highest possible standard of service delivery is maintained.

  • The Group instils a spirit of teamwork throughout its operations while ensuring that it acts with the greatest ethics towards its colleagues, clients and community.

MARKET PERFORMANCE OF CROWN RESORTS

  • Crown Resorts Limited trades on the Australian Securities Exchange (ASX), where investors can buy shares under the stock symbol -CWN.

  • Data from the Group’s 2019 financial analysis shows a normalised net profit after tax attributable to Crown of US Dollar 368.6 million, which was down 4.7% from the previous year. This result reflects subdued market conditions, with a reduction in VIP program play revenue and continued softness in Perth partly offset by modest revenue growth in Melbourne’s local businesses.

  • The Group grew the level of visitation at both of Crown’s Australian resorts during the year, demonstrating that Crown remains an attractive entertainment destination.

  • Subdued revenue growth across Crown’s main floor businesses was driven by lower average customer spend, which was symptomatic of the subdued consumer environment. Final dividends of 30 cents per share were declared, bringing the total dividend for the year to 60 cents per share. The Group remains focussed on maximising shareholder returns by identifying opportunities to deliver improved operating performance at Crown Melbourne, Crown Perth and Crown Aspinalls, delivering the Crown Sydney Hotel Resort on time and on budget and creating value from the Crown Digital portfolio and Crown’s equity accounted investments.

  • Crown continues to deliver cash returns to shareholders. Crown declared a dividend of 60 cents per share for the 2019 financial year, in line with its dividend policy, and bought back approximately US Dollar 131 million worth of shares under an on-market share buy-back.

  • With a net debt position of US Dollar 87 million at 30 June 2019, Crown’s balance sheet remains well placed to deliver on these major focus areas while providing a stable share price for good long-term growth.

Buy CROWN RESORTS stocks / shares – A Step by Step Guide how to Buy / Purchase CROWN RESORTS Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CROWN RESORTS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CROWN RESORTS STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CROWN RESORTS STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CROWN RESORTS stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy CROWN RESORTS stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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